Through the Missouri Technology Corporation Building Entrepreneurial Capacity (MOBEC) grant program, MTC makes strategic investments that expand the support system for entrepreneurs that are commercializing new technologies or that enhance the capacity of Missouri to grow its innovation economy.
Donor Name: Missouri Technology Corporation
State: Missouri
County: All Counties
Type of Grant: Grant
Deadline: 11/01/2023
Size of the Grant: $150,000 – $500,000
Grant Duration: 3 years
Details:
To create more home-grown, high-tech companies, Missouri must support entrepreneurs and foster innovation. It is for this reason that the MOBEC is a cornerstone of MTC’s investment strategy.
Based on a data-driven analysis of the insights collected, TEConomy identified five boldand compelling strategies and 16 action items to catalyze the state’s innovation and entrepreneurship ecosystems to drive economic development over the next decade.
Grant Types
- Project Support
- Project Support funding can be used to support a single project or program. The use of such funding is limited to the scope of the project or program included in the grant proposal. Such funding cannot be used to support other projects or programs.
- Project Support grant funding can be used for the salaries of staff that may be involved in the operations of multiple projects or programs. However, the percentage of the salaries paid for with funding from an awarded Project Support grant may not exceed the percentage of time such staff is dedicated to the specific project or program funded through the grant.
- Operations Support
- Operations Support funding can be used to support the operations required to fulfill the mission of the applicant organization. Funding can be used to support the day-to-day operations of the organization, as well as multiple projects or programs.
- Operations Support funding cannot be used to fund projects or programs actively receiving MOBEC Project Support funding.
Goals
In alignment with the Catalyzing Innovation Report, the MOBEC Grant Program seeks to enhance the capacity of non-profit organizations that support entrepreneurs who are:
- commercializing new technologies around which high-growth companies can be created; and
- creating sustainable, high-paying, private sector jobs based on the establishment or growth of new and emerging companies.
Funding Information
- Applicant organization may request funding for up to three years.
- Maximum award amounts are set at:
- 1 year: $150,000
- 2 years: $325,000
- 3 years: $500,000
- Applicants will be able to apply for Operations Support and/or Program Support grants.
Eligible Project Types
Applicants may submit proposals that align with the newly released Catalyzing Innovation Report, which includes the following eligible project types:
- Access to Capital
- Entrepreneurial Mentoring/Networking
- Entrepreneurial Training/Education
- Commercialization Assistance
- Physical Infrastructure/Capital Project to Support Entrepreneurs
Eligibility Criteria
- Public or private non-profit Missouri research institutions, including institutions of higher education; and
- Non-profit entrepreneurial support or related organizations.
For more information, visit MCT.
